The president has an ambitious economic plan, starting with trade, and doesn’t appear interested in negotiations—yet.

Paul Krugman and Larry Summers are among the economists warning that Trump's tariffs may drive up prices, trigger job losses and erode trust in the US.

Trump positioned the tariffs as a way to “halt the flood of poisonous drugs into the United States,” referring to fentanyl. The change will have a big impact on the cost of a wide variety of goods imported from each country, including electronics, produce, clothing, and much more.